Bitcoin dips below $75K, Ethereum sinks over 7%, but some altcoins and meme coins show surprising strength. Here’s what investors need to know this week.
π Market Overview: Crypto Starts February in the Red
The global crypto market opened the first week of February 2026 on a bearish note. According to CryptoNews, total market capitalization slid 2.9% in the past 24 hours to $2.65 trillion. An overwhelming 91 of the top 100 cryptocurrencies recorded losses, underscoring a broad-based pullback.
Trading volume remained steady at $199 billion, reflecting ongoing investor engagement despite the downturn.
π Ethereum Leads Losses, Bitcoin Slips Below $75K
Ethereum was among the hardest hit, falling over 7% to trade below the $2,300 mark. Bitcoin also faced pressure, dropping under the psychologically significant $75,000 level. Live market coverage confirms that the bearish momentum is still present, albeit with slightly narrowing losses.
Key Takeaway: While no specific macroeconomic driver has been pinpointed, ongoing selloffs suggest profit-taking and risk-off sentiment are prevailing.
π Meme Coins Show Resilience Amid Market Slump
Amid the broader downturn, a few meme coins are defying the trend. As reported by BeInCrypto, speculative appetite is turning toward high-volatility assets. Three meme coins with strong community backing and fresh launches are gaining momentum this week.
Actionable Insight: Traders looking for short-term opportunities might consider meme coins with growing hype and active social engagement.
π Altcoins to Watch: Select Tokens Gain on Fundamentals
Despite the market-wide correction, several altcoins are flashing bullish signals. In its analysis of altcoins for early February, BeInCrypto points to tokens benefiting from key network upgrades and unique positioning. Technical momentum remains strong for these assets, suggesting possible divergence from the broader trend.
Pro Tip: Altcoins with utility-driven use cases and upcoming milestones may outperform during volatile market phases.
π HBAR Drops 35% But Still Holds Bullish Potential
Hedera’s HBAR has been among the underperformers, shedding 35% since mid-January. The token is now down over 50% from its November highs. However, analysts still see bullish potential if one key technical streak is restored.
Investor Insight: HBAR could rebound if it reestablishes upward trading momentum and recaptures critical support zones.
π What To Watch This Week
- Bitcoin support at $72,000β$73,000: Will buyers step in?
- Ethereum’s $2,200 floor: A break below could trigger further downside.
- Altcoin performance divergence: Focus on utility-driven and event-based tokens.
- Meme coin volume and sentiment: Watch for continued speculative rotation.
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π Final Thoughts
While the crypto market kicks off February on a cautious note, not all sectors are moving in lockstep. The divergence between large-cap selling pressure and niche altcoin/meme coin resilience offers tactical opportunities for informed traders.
As always, manage risk, stay informed, and keep an eye on network developments and market sentiment to navigate the volatility ahead.
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